Offshore wind is at an “inflection point” for growth as costs for the renewable power source fall and technologies advance, BP’s zero carbon energy executive said at a conference on Thursday.“The offshore wind potential is global and (we) should expect more countries around the world to follow suit…
Aker Solutions has been awarded some 67 million euros (USD 80 million) in damages by an arbitration tribunal in Germany in a case related to Kvaerner's work on RWE's Nordsee Ost offshore wind farm delivered back in 2013.To remind, Kvaerner last…
Oil and gas company Neptune Energy has teamed up with Environmental Defense Fund (EDF) in a scientific collaboration that will see the use of drones for measuring oil and gas methane emissions from offshore oil and gas facilities.EDF will coordinate…
Oil prices jumped more than $1 a barrel on Friday, hitting their highest levels in nearly 14 months, after OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery in demand amid the coronavirus pandemic…
UK-based oil and gas company EnQuest has said it has started cessation of production activities on the Northern Producer floating production facility at the Don fields in the North Sea.'The process, which began on Monday 1 March, is expected to take several days to complete…
Brazilian oil and gas company PetroRio on Thursday said it had agreed to buy from Total a 28.6% stake in the Wahoo field, offshore Brazil.The field is located in the BM-C-30 Block, and the acquisition from Total, together with the interest in Wahoo PetroRio agreed to buy from BP…
The Falkland Islands government has agreed to extend the terms of several offshore oil and gas licenses, including the one containing the undeveloped Sea Lion field, oil and gas company Rockhopper has informed.To remind, Premier Oil, the operator of the Sea Lion development…
Colombia will launch this month the schedule for its 2021 licensing round offering 32 blocks for oil and gas exploration and production, with results expected in November, the head of the nation's oil regulator told Reuters on Thursday.Last year…
An official keel-laying ceremony for the offshore wind installation vessel ‘Green Jade’ was held Friday at CSBC’s shipyard in Kaohsiung, marking an important moment in Taiwan’s maritime and offshore wind history.‘Green Jade’ is owned by CDWE…
Offshore oil and gas project commitments are expected to not only recover going forward, but their number is also set to reach a new record in the five-year period towards 2025 - cumulatively almost 600 projects - Rystad Energy, a Norwegian…
Royal Dutch Shell is changing the senior leadership of its operations in Britain as part of a global overhaul to cut costs and shift away from oil and gas to renewables and power.Under the changes, which have been announced internally, country…
SAP SE and DNV GL - as of today known just as DNV - have recently announced a collaboration aimed at delivering a new industry cloud solution designed to tackle corrosion under insulation, a major problem facing the integrity of oil and gas plants…
Norwegian oil company Equinor has with its partners decided to further develop the Asgard field in the Norwegian Sea, with an investment estimated at just under NOK 1.4 billion ($164,27 million).Equinor said the investment would see the implementation…
Norway-based marine seismic surveyor PGS said Thursday it was experiencing an increase in seismic acquisition project activity, and that it would reactivate some previously stacked vessels.'Based on project awards so far, PGS has started preparations…
Norwegian offshore vessel provider Solstad Offshore said Thursday it had won new contracts for two of its subsea construction vessels (CSV), the Normand Fortress and the Normand Mermaid, in offshore wind and seismic sectors, respectively.The…
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